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Views: 17 DOM: 19 Updated: 04.30.24 Posted: 04.30.24 Status: Active

Summary

Price $1,999,315
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.30%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 05-16-2024
#Units 1,200
Price/SF $190.41
Expiration 05-30-2034
Tenant Type Dollar/Discount
NOI $145,950
R. Term 10.0
Ownership Fee Simple
Rent/SF $13.90
Increases 0.0%/0/yrs
Pop 5Mi 5,318
Lot/AC 1.45
Options 5/5yrs
AHHI 5Mi $94,416

Lease Highlights

  • Brand new 2024 construction
  • Family Dollar | Dollar Tree will be executing a brand new 10-year lease with 5 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on Highway 231, with access to 22,200 vehicles passing by daily. The property is surrounded by well-known national tenants including Ace Hardware, Subway, AutoZone, McDonald's, O'Reilly Auto Parts, and more. Additionally, the area boasts educational institutions including Victory Christian School, Pell City High School, Walter M....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
River Rd Martin St S 2013 1,301 0.08 mi
Martin Street South River Rd 2021 8,239 0.41 mi
Martin Street South Wheeler Ln 2019 11,097 0.86 mi
Martin Street South Tinch Dr 2020 10,629 0.86 mi
Martin St S Cemetery Rd 2016 6,700 1.58 mi
Logan Martin Dam Rd Lee Ln 2012 2,979 2.57 mi
Martin Street South Ingram St 2021 11,280 2.68 mi
Martin Street South Brookshire Rd 2020 11,280 2.68 mi
Martin St S Huntingridge Dr 2016 12,620 2.98 mi

Listing Broker

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